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10 000 Yuan Farmer's Bank of Northwest China

Issuer Farmer's Bank of Northwest China (西北农民银行)
Year 1948
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Value 10 000 Yuan (10 000)
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Obverse description Blue-black letterpress print on plain paper. The central vignette presents an irrigation system landscape with canals, agricultural fields, and a figure working the land, rendered in fine line engraving. The bank name 西北農民銀行 is inscribed across the top, with the denomination 壹萬圓 repeated in the left and right panels; two red seal stamps appear in the lower central area, and a red serial number with prefix AB is printed in the upper left.
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Reverse lettering SIBEI NUNG MIN IN XANG
10000
1948
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The Farmer's Bank of Northwest China was established in the Shaanxi-Gansu-Ningxia Border Region, the communist-controlled territory centered on Yan'an that served as the base of the Chinese Communist Party during the Second Sino-Japanese War and subsequent civil war. The bank issued currency independently of both the Nationalist government's Central Bank and the better-known People's Bank, which was only formally established in December 1948 — meaning this 10,000 yuan note was circulating during the final, chaotic months before the communist monetary system was consolidated into the renminbi.

High-denomination notes like this one reflect the hyperinflationary pressures afflicting all Chinese currency by 1948, Nationalist and communist-controlled zones alike.

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